<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 923459
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 GABELLI GOLD FUND, INC.
001 B000000 811-8518
001 C000000 2128083946
002 A000000 ONE CORPORATE CENTER
002 B000000 RYE
002 C000000 NY
002 D010000 10580
002 D020000 1434
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 GABELLI FUNDS, INC.
008 B000001 A
008 C000001 801-37706
008 D010001 RYE
008 D020001 NY
008 D030001 10580
008 D040001 1434
010 A000001 FURMAN SELZ LLC
010 B000001 8-17741
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10017
011 A000001 GABELLI & COMPANY, INC
011 B000001 8-21373
011 C010001 RYE
011 C020001 NY
011 C030001 10580
011 C040001 1434
<PAGE> PAGE 2
012 A000001 STATE STREET BANK & TRUST COMPANY
012 B000001 85-05003
012 C010001 BOSTON
012 C020001 MA
012 C030001 02171
013 A000001 ERNST & YOUNG LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10172
014 A000001 GABELLI & COMPANY, INC.
014 B000001 8-21373
014 A000002 IFG NETWARK SECURITIES CORP.
014 B000002 8-37937
014 A000003 KEELEY INVESTMENT CORP
014 B000003 8-20353
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02171
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 16
019 C000000 GABELLIGRP
020 A000001 SCOTIA MCLEOD
020 B000001 13-5239583
020 C000001 6
020 A000002 FIRST MARATHON SECURITIES
020 B000002 98-0079152
020 C000002 5
020 A000003 SALOMON BROTHERS INC.
020 B000003 13-3082694
020 C000003 4
020 A000004 BAIN SECURITIES INC.
020 B000004 13-3217675
020 C000004 2
020 A000005 RBC DOMINION
020 B000005 13-5033225
020 C000005 2
020 A000006 BV CAPITAL MARKETS, INC.
020 B000006 13-2943614
020 C000006 2
020 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000007 13-5674085
020 C000007 2
020 A000008 BURNS, FRY LIMITED
020 B000008 13-2692943
020 C000008 1
020 A000009 GORDON CAPITAL INC.
020 B000009 13-2811234
<PAGE> PAGE 3
020 C000009 1
020 A000010 ASIEL & CO.
020 B000010 13-4930806
020 C000010 1
021 000000 31
022 A000001 HSBC SECURITIES, INC.
022 B000001 13-3273815
022 C000001 9642
022 D000001 8900
022 A000002 BV CAPITAL MARKETS, INC.
022 B000002 13-2943614
022 C000002 1875
022 D000002 534
022 A000003 FLEMING MARTIN, INC.
022 B000003 13-3724403
022 C000003 235
022 D000003 669
022 A000004 BAIN SECURITIES INC.
022 B000004 13-3217675
022 C000004 774
022 D000004 0
022 A000005 TROSTER SINGER INC.
022 B000005 13-5515160
022 C000005 271
022 D000005 0
022 A000006 EVEREN SECURITIES INC.
022 B000006 34-1542819
022 C000006 0
022 D000006 178
022 A000007 ROBERT FLEMMING INC.
022 B000007 13 3298866
022 C000007 150
022 D000007 0
022 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000008 13-5674085
022 C000008 147
022 D000008 0
022 A000009 GOLDMAN SACHS & CO.
022 B000009 13-5108880
022 C000009 0
022 D000009 133
022 A000010 RAND INTERNATIONAL
022 C000010 0
022 D000010 96
023 C000000 13223
023 D000000 10508
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
<PAGE> PAGE 4
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 8963
028 A020000 0
028 A030000 0
028 A040000 3084
028 B010000 7859
028 B020000 0
028 B030000 0
028 B040000 5498
028 C010000 1577
028 C020000 0
028 C030000 0
028 C040000 8147
028 D010000 3056
028 D020000 0
028 D030000 0
028 D040000 3123
028 E010000 6616
028 E020000 0
028 E030000 0
028 E040000 5249
028 F010000 5511
028 F020000 0
028 F030000 0
028 F040000 6325
028 G010000 33582
028 G020000 0
028 G030000 0
028 G040000 31426
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
<PAGE> PAGE 5
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 27
044 000000 292
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
<PAGE> PAGE 6
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 Y
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 Y
<PAGE> PAGE 7
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 8805
071 B000000 6587
071 C000000 20695
071 D000000 32
072 A000000 6
072 B000000 34
072 C000000 47
072 D000000 0
072 E000000 0
072 F000000 106
072 G000000 0
072 H000000 0
072 I000000 24
<PAGE> PAGE 8
072 J000000 8
072 K000000 0
072 L000000 11
072 M000000 6
072 N000000 9
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 13
072 S000000 4
072 T000000 27
072 U000000 9
072 V000000 0
072 W000000 5
072 X000000 222
072 Y000000 0
072 Z000000 -141
072AA000000 736
072BB000000 339
072CC010000 2470
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 87
074 B000000 0
074 C000000 0
074 D000000 998
074 E000000 102
074 F000000 17939
074 G000000 0
074 H000000 0
074 I000000 394
074 J000000 236
074 K000000 0
074 L000000 163
074 M000000 56
074 N000000 19975
074 O000000 222
074 P000000 21
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 340
074 S000000 0
074 T000000 19392
<PAGE> PAGE 9
074 U010000 1448
074 U020000 0
074 V010000 13.40
074 V020000 0.00
074 W000000 0.0000
074 X000000 2083
074 Y000000 0
075 A000000 0
075 B000000 20766
076 000000 0.00
077 A000000 N
078 000000 N
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE DONALD E. BROSTROM
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> GABELLI GOLD FUND, INC
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 16272
<INVESTMENTS-AT-VALUE> 19433
<RECEIVABLES> 399
<ASSETS-OTHER> 143
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19975
<PAYABLE-FOR-SECURITIES> 222
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 361
<TOTAL-LIABILITIES> 583
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16285
<SHARES-COMMON-STOCK> 1448
<SHARES-COMMON-PRIOR> 1272
<ACCUMULATED-NII-CURRENT> (141)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 88
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3160
<NET-ASSETS> 19392
<DIVIDEND-INCOME> 47
<INTEREST-INCOME> 34
<OTHER-INCOME> 0
<EXPENSES-NET> 222
<NET-INVESTMENT-INCOME> (141)
<REALIZED-GAINS-CURRENT> 397
<APPREC-INCREASE-CURRENT> 2470
<NET-CHANGE-FROM-OPS> 2726
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2414
<NUMBER-OF-SHARES-REDEEMED> 2238
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4882
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (309)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 106
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 222
<AVERAGE-NET-ASSETS> 20766
<PER-SHARE-NAV-BEGIN> 11.41
<PER-SHARE-NII> (0.10)
<PER-SHARE-GAIN-APPREC> 2.09
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.40
<EXPENSE-RATIO> .021
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
